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BEIJING, Dec. 27 (Xinhua) -- The Standing Committee of the National People's Congress (NPC), China's top legislature, concluded its week-long meeting on Saturday, with approval of the amendments of the Earthquake Prevention Law and the Patent Law. President Hu Jintao has signed on the two amendments for them to take effect. The session was presided by Wu Bangguo, chairman of the NPC Standing Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau. A resolution was adopted at the meeting, deciding that the Second Session of the Eleventh NPC will be inaugurated in Beijing on March 5, 2009. Wu Bangguo, chairman of China National People's Congress (NPC) Standing Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, attends the sixth session of the 11th NPC Standing Committee at the Great Hall of the People in Beijing, China, on Dec. 27, 2008. The top legislature also approved a multilateral treaty signed by the Shanghai Cooperation Organization (SCO) member states on joint military drills and a bilateral treaty of judicial cooperation on criminal cases with the United Arab Emirates (UAE). Wu made a speech after the completion of all the procedural issues, saying that NPC deputies and members of the NPC Standing Committee and its special committee have paid great attention to the country's economic situation since September. As a result, the session held an additional hearing on a State Council report on taking pro-active measures to deal with the global financial crisis and ensure a stable and relatively fast economic growth, according to the top legislator. He spoke highly of the Party Central Committee's timely decisions to readjust the country's macro-economic control policy, by changing the primary job to maintaining a stable and relatively fast economic growth and bringing the economic growth under control to prevent an excessive inflation, from the prevention of excessive economic growth and a remarked inflation, a goal set at the beginning of this year. The top lawmaker hailed the country's success in 2008 in fighting natural disasters, hosting the Beijing Olympic Games and Paralympics, projecting the Shenzhou-7 manned spacecraft, achieving its economic, environmental and agricultural goals, and having people's life further improved and keeping the general situation stable. He praised the State Council and local governments for their efforts to achieve these goals. In his speech, the top legislator analyzed the international and domestic situation, and he warned that while carrying out a pro-active financial policy, substantial efforts must be made to prevent low-level and overlapped construction and a new round of urban expansion.
BEIJING, Nov. 1 (Xinhua) -- In the space of a year, Yang Chanjuan's career plan has changed direction. A soon-to-graduate college student in economics, Yang is feeling her fortunes being buffeted by the financial crisis. Yang was recently told by her schoolmates already working in the financial sector that their companies would cut staff, or there would no bonus this year. Amid the turmoil and full of uncertainty, a job in banking or securities company was no longer desirable to her. As a result, she decided to apply for a government job. Yang's change in career plan came as the financial crisis is spreading around the world. As it is now beginning to hit the real economy, more and more people, not only those in banks, have lost their jobs. International Labor Organization (ILO) estimated earlier that the financial crisis would cost 20 million jobs globally by the end of 2009. The ILO said the new projections could prove to be underestimates if the effects of the current economic turmoil are not quickly confronted and plans laid for the looming recession. Migrant workers fill in application forms at a job fair in Chongqing, southwest China on Jan. 1, 2008. International Labor Organization (ILO) estimated earlier that the financial crisis would cost 20 million jobs globally by the end of 2009. In the birthplace of the crisis, the United States, big companies from Goldman Sachs to Coca Cola, Motorola to Alcoa, have all announced their job cut plans. Economists believed the jobless total could increase by 200,000. Back to China, unemployment now becomes a concern too. Although with 2-trillion U.S. dollars of foreign reserves, a budget surplus and a controlled capital market, China would suffer limited direct impact from the crisis. However, weakening demand from its major markets, North America and Europe, is now leading China's real economy in the export sectors into a tough situation. In China's coastal areas, export enterprises are now struggling with soaring labor cost and fewer orders from foreign customers. Many toy factories in South China's Guangdong Province were shut from January to July this year. Earlier last month, two big factories of a Hong Kong listed toy-maker were shut. As a result, 7,000 workers lost their jobs. Affected by the global financial crisis, the company was suspended from trading thus it faced severe shortage of current funds. Statistics from the Ministry of Commerce showed that China's export suffered a growth slowdown in the first three quarters compared with the same period last year -- from 27.1 percent to 22.3 percent. The government said the gross domestic product (GDP)growth rate in the first three quarters this year slowed to 9.9 percent - a 2.3 percentage points fall compared with the same period last year. "The greatest impact is on these labor-intensive, small and medium-sized export enterprises," said Wang Dewen, a labor economist from China Academy of Social Sciences. These export-oriented enterprises that make China the world's workshop, are mainly small and medium-sized and vulnerable to market changes. These are China's major employers, absorbing 70 percent of the aggregate 20-million new jobs every year. Wang said that the lower-end labor market, especially the migrant workers who are the biggest source of employees in the export enterprises, would suffer from unemployment. As the crisis is now just beginning to hit the real economy, the whole situation could be worse if there is no countermeasure. The fear of unemployment is also hovering over other places. College students and white-collar workers are now worried about their future in the open market.
BEIJING, Jan. 19 (Xinhua) -- Chinese Premier Wen Jiabao on Monday called for more steps in the first quarter this year to reverse the trend of economic slowdown as soon as possible and realize a good start for the whole of 2009. Wen made the remarks during the second plenary meeting of the State Council, or the Cabinet. The meeting was held here Monday. Participants at the meeting discussed the draft of the government work report, which would be delivered for review at the second plenary session of the 11th National People's Congress in March. Chinese Premier Wen Jiabao presides over the second plenary meeting of the State Council, or the Cabinet, in Beijing, capital of China, Jan. 19, 2009. Chinese Premier Wen Jiabao on Monday called for more steps in the first quarter this year to reverse the trend of economic slowdown as soon as possible and realize a good start for the whole 2009 The draft would be sent to provincial governments and central departments for advice. The soliciting advice and revision part was a process to achieve concerted understanding and enhance confidence; a process to counter the global financial crisis and address the difficulties which arose from it; a process to solicit public opinion and make scientific decisions; and a process to improve policies and measures as well as enhance their implementation, Wen said. Chinese Premier Wen Jiabao presides over the second plenary meeting of the State Council, or the Cabinet, in Beijing, capital of China, Jan. 19, 2009Last year was an unusual year for the country, especially the second half of 2008 when the government unveiled a series of measures to counter the negative impacts of the global financial crisis. "These measures have been proved prompt, correct and effective," Wen said. "This year is the most difficult year for China's economic development so far this century," he said. Efforts should be made to enhance the implementation of the government's economic stimulus package and measures announced to boost the country's major industries, he said. The Chinese government has announced boosting measures for the steel and auto industries, and is planning measures for eight other major industries. Wen urged departments concerned to speed up work on the making of these boosting measures. He called for more efforts on agricultural production during the winter and the coming spring, and said favorable policies for farmers should be firmly implemented. He also called for efforts to promote stable and relatively fast industrial development. Enterprises should be encouraged to intensify internal management, reduce operating cost, expand markets and stabilize employment, he said, and small and medium-sized enterprises should be given more support. Work should be done to ensure service and commodity supply during the upcoming Spring Festival as well as boost consumption in both rural and urban regions, he said. The government should work to maintain stable growth in trade, Wen said, underlining the need to expand emerging markets and improve the quality of exported goods. Wen also stressed the need for work to ensure the country's financial stability and safety. The government should properly deal with changes brought about by the global financial crisis and maintain sound operation of the banking sector, he said. More attention should be given to implement the central government's policy to improve people's living standards and solve problems concerning people's interests, he said. He urged governments at all levels to attach great importance to boosting employment, help people who had difficulties in life, and ensure production safety and social stability.
BEIJING, Jan. 22 (Xinhua) -- Chinese President called on members of all political parties, social organizations and ethnic groups to make concerted efforts to help China maintain steady economic growth in 2009. Hu made the remarks when meeting leaders of non-communist parties, All-China Federation of Industry and Commerce, and public figures without party affiliation on Thursday afternoon. The meeting was presided by China's top political advisor Jia Qinglin. Vice President Xi Jinping and Vice Premier Li Keqiang also attended the meeting. Hu first extended New Year greetings to all members of the United Front, a term used by the Communist Party of China (CPC) to describe its policy of uniting political forces representing people of all circles. He also expressed gratitude for their contribution to China's economic development and social stability in 2008. Chinese President Hu Jintao (3rd R), who is also General Secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), and other Chinese top leaders Jia Qinglin (2nd R), Xi Jinping (4th R) and Li Keqiang (1st R) attend a meeting with representatives of non-communist parties ahead of the Spring Festival in Beijing, capital of China, Jan. 22, 2009. Hu Jintao delivered an important speech at the meeting, which is presided over by Jia Qinglin. Hu said 2009 marked the 60th anniversary of the establishment of China, and was of crucial importance to the country's modernization. The top priority of the country in 2009 was to stimulate economic growth, safeguard people's livelihoods, and maintain social stability, Hu said. These tasks could not be done without the concerted efforts of members of all political parties, social organizations and ethnic groups in the country, he said. He said maintaining steady economic growth amid the currently disadvantaged situations had posed a major challenge for the governance capacity of the CPC and for the non-communist parties' ability to participate in government and political affairs. Members of the United Front should take advantage of their extensive resources to further contribute to the economic development of the country, he said. Hu said year 2009 also marks the 60th anniversary of the founding of the system of multi-party cooperation and political consultation under the leadership of the Communist Party, and urged non-communist parties to adhere to the system in the coming years.